House lawmakers took part in a contentious debate over how stablecoins should be regulated at a hearing held by the Financial Services Committee’s digital assets panel—where there were also some hopeful signs from both sides. At the heart of the debate on May 16 was the level of involvement of state regulators and the Federal…
Why Tether and Bitfinex Were Hit With CFTC Fines Totaling $42.5 Million
The U.S. Commodity Futures Trading Commission (CFTC) hit crypto exchange Bitfinex and Tether—the firm behind the stablecoin Tether— for violations of the Commodity Exchange Act, or CEA, and of a prior CFTC order. What Happened According to a Friday CFTC press release, the regulator found that Tether backed its stablecoin only for 27.6 percent of…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`